Tricky Question: Candlesticks

iamarto · (#1 (**permalink**))

Now I'm demo-trading on MT4.. practice. I've noticed that choosing different time periods give different signs on candlesticks, I mean..

Sometimes a 1 hour period would give a hammer, and sometimes a 30 minutes one would give that, but in all cases.. which one should give me a buy or sell signal if I am the kind of trader who likes to do very short term-profit trades? Like a trading opportunity in 20 minutes?

wcforex · (#2 (**permalink**))

I always using 1-hour chart and use 5-min chart for triggering my trade.

iamarto · (#3 (**permalink**))

and how good is it working?

wcforex · (#4 (**permalink**))

It always gives me a very good setup.
Combine it with ema 13 and 5 and you will have 80% probability.
Patience is the key here.